Use of Update Price button  in PO

Hi Gurus,
In PO item detal , bottom portion there is a button "Update" by which we can update price. In which case , we can update price can you please explain.
I had a doubt here...
The Po was created with old contract validity period now at present by clicking this "Update---- "B" carry out new pricing" can we change the price to new validity price.(The Po is created in old validity period)
Please explain
Subbu

HI,
"Update---- "B" carry out new pricing" is used for re calculation purpose.
you can only check the pricing for different Gross Price Conditions
i.e  you check the pricing process for GP Rs 100 and remaining conditions in Procedure. if you click on  "Update---- "B" carry out new pricing" , you can check for  GP's 200,300 ...
If the PO is created in old validity period, pricing will be carried out in that period only.
Thanks

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